7 Apr 2011 16:31
7 April 2011 For immediate release
MAIL.RU GROUP LIMITED
Notification of Full Year 2010 Results
and Conference Call
London / Moscow - MAIL.RU GROUP LIMITED ("Mail.ru Group" or the "Company") confirms that it will release, after market close on Tuesday 26 April 2011, its financial and operational results for the full year ended 31 December 2010.
The Mail.ru Group management team will host an analyst conference call at 18.30 GMT on Tuesday 26 April, including a Question and Answer session.
To participate in this conference call, please use the following access details:
Confirmation Code: |
6341233 |
Participant Toll Free Telephone Numbers: | |
From Russia | 810 800 2503 1012 |
From the UK | 0800 279 9640 |
From the US | 1866 850 2201 |
For further information please contact:
Yuri Mikhalev
VP, Corporate Finance and Investor Relations
Phone: +7 495 651 6595
E-mail: ir@corp.mail.ru
Financial Dynamics
London | +44 (0)20 7831 3113 | Moscow | +7 495 795 06 23 |
James Melville-Ross | Oleg Leonov | ||
Charles Palmer | |||
Matt Dixon | |||
Emma Appleton |
About Mail.ru
Mail.ru Group is the largest Internet company in the high-growth Russian-speaking Internet markets. Mail.ru Group's sites reach approximately 70 per cent of Russian Internet users on a monthly basis and the Company is the world's seventh largest Internet business, based on page viewsi. Russia is today Europe's second largest Internet market measured by number of usersii.
The origins of the Company date back to 1998 and since its formation as a group in 2005, and particularly since the end of 2008, the Company has moved rapidly to build an integrated communication and entertainment platform that allows it to attract and monetise one of the largest daily Internet audiences in the Russian speaking world. The Company, which is incorporated in the British Virgin Islands, operates two of the threeiii largest Russian language online social networking sites (Odnoklassniki and Moi Mir (or "My World")). The Company also operates the two largest Instant Messaging ("IM") networks in Russia (Agent and ICQ), Russia's leading email service and Russia's second largest Internet portal based on daily and monthly unique users (Mail.ru), and the Company operates Russia's largest online games platform.
The Company holds strategic minority equity stakes in vKontakte and Qiwi (formerly OE Investments). It holds a 32.5 per cent stake in vKontakte, Russia's largest social networking site measured by daily unique users, and it holds a 21.4 per cent interest in Qiwi, one of Russia's leading payment processing companies. The Company also holds small minority stakes in international Internet companies including Facebook, Zynga and Groupon as well as a number of small venture capital investments in various Internet companies in Russia and Ukraine.
i Source: comScore
ii J'Son & Partners (September 2010)
iii Based on monthly unique users. Source: TNS Gallup
Ends